FCA appoints new head of investment banking

The Financial Conduct Authority (FCA) has appointed Julia Hoggett as head of investment banking in its supervision division. She will start in early May.

Julia joins the FCA from Bank of America Merrill Lynch where she is currently managing director responsible for a range of debt capital markets products including European Commercial Paper, Covered Bonds and Green Bonds in Europe, the Middle East and Africa. Julia has also been active in advising financial institution clients on their overall funding strategies.

Clive Adamson, director of supervision at the FCA, said:

"I am delighted that Julia is joining us - she has a huge amount of industry experience, with an excellent understanding of financial institutions and specific investment banking experience."

Julia was previously the CEO of DEPFA ACS Bank Ireland and has also worked at JP Morgan in debt capital markets roles covering Sovereign, Supranational and Agency and Emerging Markets clients.

Julia Hoggett said:

"I am honoured to be joining the FCA and to be part of the further development of financial market supervision in the UK. I am looking forward to working closely with colleagues and the wider market to ensure that the United Kingdom remains at the forefront of the investment banking industry and does so in a manner which places the protection of consumers, of all forms, front and centre."

Julia will report into Will Amos, the FCA’s director of wholesale banking and investment management.

Her appointment follows a number of other high profile hires for Clive Adamson’s supervision division, including Robert Taylor as the FCA’s head of wealth management and private banking in January 2014 and James Kelly as an adviser in the wholesale banking and investment management division in February. Karina McTeague was recruited from Lloyds Banking Group last year as director of retail banking.

In the policy division, Mary Starks and Deborah Jones were appointed to share the post of director of competition in September.

Biographical notes

Julia joined Bank of America Merrill Lynch in June 2010 as a managing director and head of the FIG Flow Financing Business for EMEA, spearheading the further build-out of Bank of America Merrill Lynch’s provision of senior unsecured and secured bond market financing to its key Financial Institution clients. She was subsequently also made head of Covered Bonds for EMEA. Julia is also currently responsible for Short Term Fixed Income Origination in EMEA, where she works closely with the ECP Trading Desk and her Debt Capital Markets colleagues globally to cover the firm’s clients. Together the team provides the highest quality service and execution across Bank of America Merrill Lynch's market leading, globally integrated CP and ECP platforms.

In September 2013, Julia was also given responsibility for Bank of America Merrill Lynch’s Green Debt Capital Markets efforts in EMEA. This is an initiative to advise Bank of America Merrill Lynch’s Debt Capital Markets clients on how to bring Green Bonds to market enabling them to gain dedicated bond financing for any climate and/or environmental sustainability efforts that they undertake.

Prior to joining Bank of America Merrill Lynch, Julia was previously a Board Member and latterly the managing director (CEO) of DEPFA ACS BANK which was the largest issuer of Irish Asset Covered Securities. In addition, Julia was the head of Capital Markets for the DEPFA BANK Group, responsible for the long term funding of the Group. Prior to joining DEPFA, Julia was a vice president on the Sovereign/Supranational and Agency Capital Markets desk at JPMorgan covering Supranational and Agency issuers in Europe, the US and Asia.

Julia began her Investment Banking career at JPMorgan covering Sovereign and sub-Sovereign Emerging Markets clients in Europe, the Middle East and Africa, having earned a degree in Social and Political Sciences from Cambridge University and undertaken a research scholarship at Kings College in Cambridge focused on public policy and economic development strategies in East Africa.

Julia has also had a long involvement in the development of diversity and inclusion within the organisations for which she has worked. Julia was also named one of Financial News’ 100 Most Influential Women in Europe’s Financial Markets in 2010, 2011 and 2012.

On 1 April 2013 the Financial Conduct Authority (FCA) became responsible for the conduct supervision of all regulated financial firms and the prudential supervision of those not supervised by the Prudential Regulation Authority (PRA).

The FCA has an overarching strategic objective of ensuring the relevant markets function well. To support this it has three operational objectives: to secure an appropriate degree of protection for consumers; to protect and enhance the integrity of the UK financial system; and to promote effective competition in the interests of consumers.